Business & Markets

Tallgrass Announces Open Season for Pony Express Pipeline

Tallgrass Energy, through its affiliate Tallgrass Pony Express Pipeline, LLC (“Pony Express”), have announced a binding open season soliciting shipper commitments for crude oil transportation for near-term expansion on the Pony Express system from origin points in Wyoming to the McPherson refinery destination in Kansas.

Subsea 7 Awarded Shell Offshore Infrastructure Contract Near Aberdeen, UK

Subsea 7 has announced the award of a sizeable contract by Shell for the Pierce depressurization project, located approximately 160 miles offshore, east of Aberdeen.

Gazprom: Nord Stream 2 Cost Would Rise by 'Hundreds of Millions' to Bypass Denmark

An alternative route bypassing Danish waters for the construction of the undersea Nord Stream 2 gas pipeline would cost “hundreds of millions of dollars,” the chairman of Russian gas company Gazprom told Reuters.

Kinder Morgan Announces Commercial in Service of First Unit at Elba Island Liquefaction Facility

The Elba Liquefaction Company, L.L.C. (ELC), a joint venture between Kinder Morgan and EIG Global Energy Partners (EIG), has announced the commercial in service of the first of ten liquefaction units of the approximately $2 billion Elba Liquefaction project.

FERC Approves Start of Elba Island LNG Production for Kinder Morgan

U.S. regulators approved Kinder Morgan’s request to start production of liquefied natural gas at the first plant of its new export facility, a year after it had been originally due to begin operations, filings showed this week.

Bulgartransgaz to Seek 150 Million Euro Loan to Finance Gas Pipeline

Bulgarian state gas firm Bulgartransgaz is seeking a short-term loan of 150 million euros ($164.36 million) to help finance advance payments for the Bulgarian extension of the TurkStream gas pipeline project, it said on Thursday.

Israel to Increase Gas Exports to Egypt via EMED Pipeline

Israel is significantly increasing the amount of natural gas it plans to export via the Eastern Mediterranean (EastMED) Pipeline to Egypt under a landmark deal, Israeli energy companies said on Wednesday.

Putin Urges Denmark to Ignore U.S. Pressure Over Nord Stream 2

Russian President Vladimir Putin urged Denmark on Wednesday to ignore U.S. pressure and "show it has sovereignty" by allowing the Nord Stream 2 gas pipeline to go through its territory.

Minnesota Regulators Restart Line 3 Pipeline Review Process

State utility regulators on Tuesday unfroze the approval process for Enbridge Energy's plan to replace its aging Line 3 crude oil pipeline across northern Minnesota, directing a state agency to fix the deficiencies identified by a court in the project's environmental review.

Iran Building Oil Pipeline to Terminal Outside Gulf

Iran is building a $1.8 billion oil pipeline to its port of Jask outside the mouth of the Gulf, the country's oil minister said, as part of plans to protect its exports against potential problems in the region and to boost shipments of Caspian oil.

Tallgrass Energy Announces Open Season on Pony Express Crude Oil Pipeline

Tallgrass Energy has announced a binding open season soliciting shipper commitments for crude oil transportation on its Pony Express Pipeline.

EIA Reports U.S. Oil Output Slides Again in July

U.S. crude oil output fell 276,000 barrels per day (bpd) in July to 11.81 million bpd, its third monthly decline from its record high in April at 12.12 million bpd, according to a U.S. Energy Information Administration monthly report released on Monday.

Occidental Completes Mozambique LNG Sale, Other Key Divestments

Occidental Petroleum Corporation (Oxy) has announced completion of the sale of Anadarko's 26.5% stake in Mozambique's liquefied natural gas project to French major Total for $3.9 billion, the company said on Monday, along with the completion of other key divestment objectives following the recent close of its acquisition of Anadarko Petroleum in August.

Canada Regulator Stops Enbridge Mainline Contract Plan

The Canada Energy Regulator on Friday stopped Enbridge Inc from auctioning the right to send crude oil through its Mainline pipeline system due to the “perception of abuse of Enbridge’s market power.”

Australia's LNG Ltd Receives Preliminary FERC Approval to Expand Proposed LNG Project

Australia’s Liquefied Natural Gas Ltd said on Monday it has received preliminary approval to increase output at its proposed U.S. LNG plant to 8.8 million tons per annum (mtpa) from the currently authorized 8 mtpa.

Centrica Starts Buying Cheniere LNG Under 20-year Contract

Centrica has begun buying liquefied natural gas (LNG) from U.S. producer Cheniere under a long-term contract, the UK utility said in a statement on Monday.

IEA May Cut Its Oil Demand Growth Estimates if Global Economy Weakens

The International Energy Agency (IEA) may cut its growth estimates for global oil demand for 2019 and 2020, should the global economy weaken further, its chief said on Friday.

Canadian Company Ships Solid Oil Sands Bitumen to Chinese Refinery

A Canadian company has loaded a test cargo of solid bitumen onto a vessel destined for a refinery in China, the latest effort by the energy industry to avoid congested export pipelines and find new ways to export more oil sands crude.

Russia's Novatek Sees Enough Gas for Third Big LNG Plant

Russia's top private gas producer Novatek expects newly acquired licenses will give it enough resources for a third liquefied natural gas (LNG) plant in its super-cooled gas cluster, CEO Leonid Mikhelson said.

Iran Checks Cyber Security at Key Energy Sites

Iran has launched an inspection of security at its key Gulf oil and gas facilities, including preparedness for cyber attacks, the Oil Ministry news agency SHANA said, following media reports of Washington weighing possible cyber attacks on Tehran.

LNG Investments Hit Record $50 Billion in 2019

Record investments of $50 billion have turned 2019 into a banner year for LNG, with Canada and the United States being the main drivers, the chief of the International Energy Agency (IEA) said.

Kazakhstan, Russia Agree to Contaminated Oil Compensation — Kazakh Minister

Kazakhstan and Russia have agreed on compensation of $15 per barrel for the contamination of Kazakh crude shipped through the pipelines of Russia's Transneft, Kazakh Energy Minister Kanat Bozumbayev told Reuters on Thursday.

Elliott Pushes for Marathon Petroleum to Split Into Three

Elliott Management Corp on Wednesday urged Marathon Petroleum Corp to split into three companies, including a separate midstream company, saying it would boost shareholder value by as much as $40 billion, three years after the activist hedge fund asked the refiner to consider spinning off businesses.

LNG Ltd to Supply Gas to Vietnam from Louisiana Project

Australia-listed Liquefied Natural Gas Ltd said it has signed a deal with a province in Vietnam to supply LNG from its Louisiana-based Magnolia project.

Medallion Launches Open Season for Midland Basin Crude Expansion

Medallion Pipeline Company announced a binding open season to solicit long-term, firm shipper commitments for an expansion of its crude oil pipeline system in the Midland Basin.

Kinder Morgan's Gulf Coast Express Pipeline Placed in Service

Kinder Morgan said its Gulf Coast Express Pipeline will begin full commercial in-service today, helping to relieve natural gas takeaway constraints and reduce flaring in the Permian Basin.

Feds Recommend New Requirements After Natural Gas Disaster

Federal officials are recommending stronger nationwide requirements for natural gas systems following last September's natural gas explosions and fires in Massachusetts.

Ukraine's Winter Gas Reserves at 9-Year High

Ukraine's natural gas reserves have reached a nine-year high of 20 billion cubic metres (bcm), state-run gas transport company Ukrtransgaz said on Tuesday.

Court Suspends Alberta Law Curbing Oil Flow to British Columbia

A Canadian court on Tuesday granted a temporary injunction against legislation enabling the province of Alberta to restrict the flow of oil and gas to neighbouring British Columbia.

FERC Approves Tallgrass Cheyenne Connector Pipeline

Federal regulators have approved Tallgrass Energy's Cheyenne Connector project, which will transport natural gas from Colorado's DJ Basin to Cheyenne, Wyo., for Midwest delivery via the company's Rockies Express Pipeline.